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Missile Wins Can't Offset Margin Collapse, Lockheed Martin Tumbles After Q2 Report
Benzinga· 2025-07-22 14:07
The company reported net sales of $18.16 billion, marginally missing the Street estimate of $18.63 billion, while adjusted earnings per share of $7.29 topped the consensus forecast of $6.63. GAAP EPS plunged to $1.46, down from $6.63 a year ago, as the company absorbed $1.6 billion in pre-tax charges tied to performance issues in legacy programs. Hefty program charges overshadowed Lockheed Martin's results, cutting into margins and sharply reducing GAAP profits. Lockheed Martin Corp. LMT shares traded lower ...